15 tips on manufacturing your product
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15 tips on manufacturing your product

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    15 tips on manufacturing your product 15 tips on manufacturing your product Presentation Transcript

    • 15 tips forMANUFACTURING your Product
    • 1 Visit a STORE that carriesyour type of product
    • 2 Check out the packaging and find out wherethe product is made
    • 3 Check out the QUALITYof the products
    • 4 Research on the WEB forCUSTOM MANUFACTURERS who make your type of product
    • 5 Check out both Domestic andOverseas Manufacturing optionsUse Global Sourcing websites tolocate factories that specialize in your type of products
    • 6 Have factories sign a Confidentiality Agreement before sending offproduct designs and concepts
    • 7Don’t make any decisions before you receive QUALITY product samples
    • 8 Don’t make any decisions before you have agreedupon all your manufacturing COSTSRemember to work out your manufacturing costs from the retail price point down
    • 9 Different materials may require using aseparate manufacturer for each component
    • 10 Check that you are working directly with the FACTORYand not just a SOURCING company(unless you decide that this is the most effective way to work with multiple factories – or you are working with a sourcing agent)
    • 11 Many products (plastic) require MOLDS This is a time consuming and expensive process. Allow the required mold making time and confirm moldcosts upfront – some factories may amortize the mold costs
    • 12 DOMESTIC MANUFACTURING Saves on freight charges Quicker shipping windowClose contact during the manufacturing process
    • 13 OVERSEAS MANUFACTURING Cost Savings Higher Freight Costs Longer lead times 90 days to source the product 90 days to manufacture the product90 days to ship the product to a coastal USA port
    • 14 Overseas Sourcing Fairs The Canton Fair China Import and Export Fair Manufacturers 51% Foreign Trade Enterprises 38% www.cantonfair.org.cn April 15th – May 5th, 2013 Global Sourcing FairsPremier trade fairs helping volume buyers source from Greater China www.globalsources.com/tradeshow
    • 15Additional Costs include: Packing Master Cartons Shipping /Freight Warehousing EDI (Electronic Data Interchange) UPC barcode Numbers And more…
    • Author of“The Caboodles Blueprint” A Step by Step GUIDE –How to get your idea onto 30,000 retail shelves www.leoniemateer.com